TLS has been nudging 12-month lows over recent weeks, which is rarely a good sign. As it approaches $3.50, we believe value is returning to the telco, but as we discussed last month, TLS needs to address costs to regain investor confidence.
- We bought TLS at good levels in 2021, and it has been delivering a solid yield since. MM is long TLS in our Active Income Portfolio.
MM likes TLS for yield
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